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April 9, 2024 2091 0
From the establishment of British colonial rule in the mid-19th century until independence in 1947, India underwent significant changes in its economic structure and development. The economic impact of British rule included those related to trade, taxation, land ownership, and industrialization, profoundly influenced India’s economy. The Britishers made structural changes in the Indian Economy and drained its wealth through various policies.
Economic Drain Theory [UPSC 2012]
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